The Currency Analytics
By Maheen Hernandez
Those who have been following the Ethereum trading plan made by over 84% in less than two months. Technical analysis shows that ETH/USD will move towards support of $200.
It is expected that $200 will hold. There are three moving averages (MA) which act as supports at that level. The three moving averages are in ideal alignment.
The candlestick pattern showed that there are more numbers of sellers for the ETH as there was a long wick in the candlestick pattern.
For as long as ETH trades in the current trend, it might likely rally to the next target at $280. The target next would be $365.
Regulators tend to drag it long for anything related to cryptocurrency. A negative announcement from US SEC regarding the VanEck ETF proposal was expected to have the…
ETH is facing major criticism from their rival dapp networks. There is likely to be an improvement in Proof of Stakes and scalability.
Ethereum is preparing for an eruption. A lot of research is happening regarding interoperability with Ethereum Classic.
The 2.0 version is much awaited for its advanced features. Connection with investors and masses will become a lot easier.